Turkey's ruling party, the Justice and Development Party (AKP), presented a draft law in parliament on 5 July 2023 that includes several important tax measures. One of the key measures of the draft law provides for an increase in the standard corporate tax rate from 20% to 25%. The draft law would also increase the corporate tax rate from 25% to 30% on financial sector companies, including banks, financial leasing companies, asset management firms, and insurance companies. Along with the tax…